Thinking about selling...

Discussion in 'Ask the Broker' started by Siboatguy, May 17, 2018.

  1. Siboatguy

    Siboatguy Active Member GOLD Sponsor

    232
    Mar 28, 2016
    Holmdel,NJ
    2005 Sea Ray 320 Sundancer
    Twins V-Drives
    2017 5.7 Mercruisers
    Debating on selling our boat and getting bigger... But everything is new... Last Year, New quicksilver 5.7 Drop In, New shaft Seals, New Shafts, New props... So now i have a extra set... Also last year added a Garmin 942 and a 742 to the dash with a 18inch GMR radar dome... This year changed out the anchor road to all Chain... 200ft of Anchor chain..... And did all brand new Canvas this year as well... But what is it worth?? Thats my question... Org the boat has 400hrs... Now with all the new stuff it has 50hrs that i put on last year.... The gen has about 320hrs but runs great.... O and added lumetc under water lights this year as well and it has all lumtec lights inside the cockpit area... The int is in great shape but the navy blue hull has a ding here and there... But otherwise a clean boat.... Whats my boat worth?? IMG_0679.jpg
     
  2. Little Ducky

    Little Ducky Well-Known Member

    Jun 5, 2017
    Chattanooga TN/Dickson TN
    1998 SeaRay 290 Sundancer
    Twin EFI 5.0L w/Alpha 1 drives
    Sounds like a nice boat.
     
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  3. Stee6043

    Stee6043 Well-Known Member

    Jun 1, 2015
    West Michigan
    1997 Sundancer 400
    7.4L Gassers
    Your boat is worth whatever someone is willing to pay for it! :)

    I don't think you'll find many cruisers where the list prices don't vary by at least 50% across the different platforms used to sell. Boattrader.com is a good start. You'll see the high and low. Saltwater and "not so clean" is usually the low. Original owner, bristol condition, northern Michigan owned is usually the high. :)

    All of your upgrades won't make much difference to a first time cruiser buyer. I certainly would not have appreciated the value of new canvas, all chain rode, etc when shopping for my first big boat. You'll need to find a more experienced boater to appreciate how much those things cost.

    My quick search shows (22) 2005 320's for sale right now on Boattrader. $45k to $110k. I'd assume the guys in the 60's and 70's are looking to sell and the 80's and 90's guys are waiting for the "right buyer". $100+ are the dreamers? I think when you push into the 90's you're going to be competing with similarly aged, aggressively priced 340's.
     
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  4. Larry Sturm

    Larry Sturm Active Member GOLD Sponsor

    110
    Mar 26, 2017
    Chiefland, Florida
    2003 SeaRay 420 Sundancer
    2003 SeaRay 320 Sundancer
    Cummins 6CTA8.3-M3
    Mercruiser 350MPI
    I have upgraded several boats like you did. I never really got back any of the money I put in the boats in upgrades, but it sure made them sale a lot faster on the market
     
  5. bbwhitejr

    bbwhitejr Well-Known Member SILVER Sponsor

    Apr 14, 2013
    Lake Lanier GA
    2007 44DB
    Cummins QSC 8.3s
    We bought a 2006 260DA in the spring of 2014. Probably added $2500 in upgrades. Put 150 hours on it and 300 on the gen and sold it in the spring of 2017 for exactly what I paid for it. The upgrades do not count the time and labor I put in it nor the new oil pan I had installed.

    Bennett
     
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  6. Mike HHH

    Mike HHH Member

    38
    Jan 25, 2007
    Riva, Maryland
    30 Weekender 1994
    350/260 Merc V-drives
    I did a quick soldboats report and just skimmed it -- the above answers are correct in that actual Yachtworld sale prices mirror the wide range of asking prices. Actual sold 2005 and 2006 320's that closed from Jan 2017 through today range from the 50s' to around 100K. My guesstimate is that you would sell at the high end of the range -- probably upper 80's to low 90's. If you want me to re-run the soldboat report send me a PM with your e-mail address. I'll probably have time this evening.
     
  7. Siboatguy

    Siboatguy Active Member GOLD Sponsor

    232
    Mar 28, 2016
    Holmdel,NJ
    2005 Sea Ray 320 Sundancer
    Twins V-Drives
    2017 5.7 Mercruisers
    Ty everyone I greatly appreciate the feedback.... We are def gonna sell either the end of this year or the beginning of next year... Someone is gonna get a great boat with no probs for a while, lol.... We want to move up to a 38 to a 40 maybe even 42 sedan bridge...
     
  8. KevinC

    KevinC Well-Known Member

    Feb 25, 2011
    Long Island, NY
    2004 340 Sundancer
    1988 Proline Center Console - 90hp Mariner/Mercury
    1969 Boston Whaler
    Twin 8.1 V-drives
    Did the same with my 260DA. Bought it - lots of upgrades, maintenance, etc; used it for four seasons and traded it in for almost what I paid for it. It was a great boat and probably one of the nicest and cleanest on the market at the time. I know the dealer had offers on it before I closed on the new boat. I guess it was a win-win-win for all.

    -Kevin
     

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